Tokenized asset trading volume on Solana hit a record high in Q2, while network revenue and DEX trading volume declined
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Samsung’s earnings report far exceeds expectations, South Korean stocks rebound strongly by over 5%, Samsung rises more than 5%, and Japanese stocks gain over 2%
Samsung Electronics’ net profit surged significantly year-on-year in the second quarter, far exceeding expectations. Additionally, the South Korean government announced measures to stabilize the market, including restricting retail investors from participating in leveraged ETFs. As a result, the KOSPI’s intraday gain on Thursday expanded to 5%. Samsung’s share price rose 5.5%, SK Hynix increased by 2%. The KOSPI has fallen around 40% from its June peak. The Nikkei 225 Index rose more than 2% during the day, with Kioxia surging over 12%.
Samsung’s above-expectation performance and government intervention to limit leveraged ETFs turn South Korea’s stock market from losses to gains
Samsung Electronics reported a more than 250-fold year-on-year surge in second-quarter net profit. Additionally, the government's announcement of new measures to further restrict retail participation in leveraged ETFs boosted market sentiment in South Korea.
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